I have the buyer side on 5th 3rd with housing finance 2nd. How are things going with this lienholder recentlyf? I have not dealt with them on the listing side since very early this year. Thanks for response.

Hello all, I have a FreddieMac first with Fifth Third as junior. Anybody having success with Fifth Third agreeing to waive deficiency pursuant the newest Directive? When I asked Fifth Third, I was told, "we don't do HAMO" and would not transfer me to someone a little more familiar .....

I started a 5/3 file a few weeks ago where 5/3 is in first position and things are going really well, BPO and title already executed by 5/3. I used my own standard authorization letter which they accepted last time and which they appear to be accepting this time. You will need to have both parties sign an arms length statement. Also, 5/3 has a very aggressive collections dept which they call the 180 Team (180 days). The collectors I've met there are obnoxious and have been harassing my client. They try to get them to "buy time" by sending in a bunch of money, threatening that the file will be written off and that a short sale will be most unlikely. Baloney. Have your client send in a cease and desist letter to 5/3 prohibiting all contact from 5/3 except for the loss mitigation and short sale dept. When you speak to your processor get his/her semi-direct number (different from the initial number).

Does 5/3rd Bank require a specific "Authorization Letter" to be used, or will the standard authorization letter I commonly use be sufficient? Starting my 1st short sale with 5/3rd any suggestions on how to begin?

I just completed a 5/3 short sale where it was in 2nd position in a bk. I offered them $2,000 which they took without a great deal of effort. The first (Chase) had offered my seller a $10,000 incentive to do the short sale, but they would not let him keep it. I didn't push the issue because PNC was in 3rd position with a commercial loan (that was fun!^&*&%^%) and they would not allow it either.

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